Price Reduction
260 N Broad Street Galesburg, IL
$ 69,000
Property Attributes
  • MLS#QC4228191
  • TypeMulti-Family
  • CountyKNOX
  • CityGalesburg
  • AreaQCARA Area
  • Zip61401
  • Style
  • Year Built1900
  • Taxes$ 1648
  • Price$ 69,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage2936
  • Lot Size11,761 SqFt
Listing Provided Courtesy Of:
Deb McGrath with Ruhl&Ruhl REALTORS Bettendorf
Data Source:
Quad City Area MLS (QCAR)
Property Description

Don't miss out on this exceptional investment opportunity. Four of the six units are currently occupied by satisfied tenants and would like to continue to rent the property. There are two additional units- one is being used for storage, the other has been in the process of being renovated and is framed in. It needs drywall, doors and fixtures. The property is conveniently located near Galesburg's downtown area and offers off-street parking for each apartment. Three apartments upstairs and three below. The owner receives calls weekly, asking about vacancies. Finish off the two unfinished apartments and you could have a full house! Call today for an appointment, but please allow 24 hour notice for the tenants.

High School
Galesburg High School
Price History
11/8/2021 Listed $75,000
1/3/2022 8% - $69,000

General Features

Basement Block, Brick/Mortar, Crawl Space, Partial, Unfinished
City Galesburg
Construction Materials Vinyl Siding
County Knox
Current Financing Cash Only, Conventional
Days on Market 48
Directions Near the corner of Broad and North streets
Grossincome 20100
Heating Forced Air, Gas, No Cooling
High School Galesburg
Insurance Expense 2140
Interior Features Cable Available
Mlsareaminor QCARA Area
Net Operating Income 12742
New Construction No
Ok to Lease Month To Month
Operatingexpense 7358
Ownership Type Tenant's Rights
Property SubType Residential Income
Property Type Residential Income
Roof Shingle
Showing Instructions 24-Hour Notice, Appointment Required, Combination Box, Showing Time, Tenant Occupied
Standard Status Active
Status Active
Street Name BROAD
Structure Type Conversion
Subdivision Name None
Tax Annual Amount 1648
Tax Year 2020
Tenant Pays Electricity
Total Units 6
Trash Expense 660
Water Body Name ***
Water Sewer Expense 1452
Year Built 1900
Yearbuiltsource Public Records
Zoning Commerical

Interior Features

Laundry Features None
Street Suffix Street

Exterior Features

Building Area Total 2936
Lot Dimensions 66 x 175
Lot Features Level
Lot Size Acres 0.27
Parking Features On Street, Other
Road Surface Type Paved
Total Parking 6
Water Source Public Sewer, Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 61401

AVG $100K
AVG $1,527
Year Built
AVG 1909
AVG 68
Data Provided by Walkscore ® not using MLS data

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